Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 685.33

+1.1%

4:00 PM EST

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Hawkmoon

kimberley

To: jimpuntagorda who wrote (143393)	4/3/2020 12:55:20 PM
From: GROUND ZERO™	2 Recommendations Read Replies (1) of 222170

That wouldn't be the first time that would happen for me if that happened, but going from day to day is very risky and maybe possibly too short sighted... I took a chance also at a long position but then also got taken out, I'm not going to feel anything one way or the other regardless of what happens on Monday... The main thing I'm watching is the weekly ratio which I most surely thought would turn bullish today, but that's my big surprise... i don't plan on trying any additional long positions until that ratio gives me the green light, otherwise we'll rally, then fade, then rally, then fade, I'm not looking for a roller coast ride... I would much rather miss a few points, presuming it does rally, than ride a high risk trade against the overall trend... I'm only sharing with you about my own personal strategy since that's the only one I can talk about... Sometime being patient pays off in the long run... Once I get a positive weekly ratio reading, I plan to buy aggressively, but right now it's still way too risky... My near term light losses will more than be recouped after the green light is given... Meanwhile, I hold my SOX spread which is working nicely and will make a killing once that green light is given... GZ

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